Fairness in Political Advertising Act

Fairness in Political Advertising Act - Amends the Federal Election Campaign Act of 1971 to regulate televised paid political advertising. Prohibits such an advertisement from containing any visual or auditory material other than the voice and image of the candidate or alternative speaker. Requires the advertisement to contain an identification of the candidate, speaker, and persons who paid for the broadcast. Permits the advertisement to contain: (1) an identification of the candidate's party and the office being sought; (2) a statement on whether the candidate is seeking election or reelection; (3) a solicitation for contributions; and (4) hand signs, full text reproduction, closed caption technology, or the like. Prohibits the advertisement from containing staged reproductions of any event or scene.